Define Financial LLC Invests $7.90 Million in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Define Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 134,406 shares of the company’s stock, valued at approximately $7,902,000. Avantis Emerging Markets Equity ETF comprises approximately 6.0% of Define Financial LLC’s portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.1% during the 3rd quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock valued at $646,000 after purchasing an additional 204 shares during the last quarter. Atlas Brown Inc. raised its stake in Avantis Emerging Markets Equity ETF by 7.0% in the fourth quarter. Atlas Brown Inc. now owns 3,857 shares of the company’s stock valued at $227,000 after buying an additional 254 shares during the last quarter. Apollon Financial LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 1.2% in the third quarter. Apollon Financial LLC now owns 23,560 shares of the company’s stock worth $1,522,000 after acquiring an additional 284 shares in the last quarter. DBK Financial Counsel LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 3.0% during the third quarter. DBK Financial Counsel LLC now owns 10,178 shares of the company’s stock worth $657,000 after acquiring an additional 300 shares during the last quarter. Finally, ORBA Wealth Advisors L.L.C. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 0.6% during the third quarter. ORBA Wealth Advisors L.L.C. now owns 65,221 shares of the company’s stock valued at $4,213,000 after acquiring an additional 375 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.1 %

NYSEARCA:AVEM opened at $57.71 on Wednesday. Avantis Emerging Markets Equity ETF has a twelve month low of $52.72 and a twelve month high of $66.31. The company has a market cap of $5.17 billion, a PE ratio of 9.91 and a beta of 0.88. The company’s 50 day moving average is $60.47 and its two-hundred day moving average is $61.48.

Avantis Emerging Markets Equity ETF Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation.